Nairobi, July 7 -- State-owned Kenya Railways Corporation's net losses grew by Sh477 million to Sh28.16 billion in the year ended June 2025, clouding the performance of the standard gauge railway, which posted its first surplus since launch.

Latest disclosures by KRC show its net loss had grown from Sh27.68 billion the year before. The firm has not turned a profit in over a decade.

The SGR, its top cash cow, earned enough revenues to cover its operating costs for the first time since its commissioning in 2017, marking a major turning point for the infrastructure project, but not enough to lift its operator from the red.

During the period, SGR earned Sh18.5 billion in revenues, up from Sh16.8 billion a year earlier, while its operating ...